The World of Business and Technology
Business technology helps small businesses improve their communication processes. Emails, texting, websites and apps, for example, facilitate improved communication with consumers.
The world is at the cusp of change, both industrialised and third world countries are and have been embracing technology in transactions and businesses.
The world must have been hurt by the pandemic but pioneers and those who laid the prototype for E-commerce like Jeff Bezos of Amazon must have been smiling or perhaps ripping millions from their businesses, blame it the fact Covid-19 saw a surge in numbers of online transactions and this expedited the technological advancement processes.
The backbone to attaining safe and secure online transaction as well as cashless economy is technological inventions and innovations.
Businesses have gone online even in post lock-downs. Once trust is established between the buyer and the seller, E-commerce is quick, easy and efficient way of doing business online compared to face to face or in person transactions as it doesn’t even require travelling. But trust cannot be an open sesame to safe transaction because even strangers can be good online and in addition, the established online companies have a series of security protocols before you can transact.
With big cities such as Shenzhen in China already developing a fully cashless economy, there is no doubt cryptocurrency is the future of money. Businesses are slowly starting to back cryptocurrency as a means of payment despite a number of backlashes since the inception of the crypto idea.
Cryptocurrency provides an alternative payment mode as well as investment as it’s value is subject to demand and supply.
The fact that cryptocurrency can increase its value based on the forces of demand and supply, it will definitely mark the end of cash.
Cryptocurrency is a peer to peer transaction and either Central Banks or governments have no control over it. This made a huge chunk of world’s population feel a little insecure about it—it has however made possible strides into the business world and is transforming it every second.
It cannot be ignored because like Renegade economist said, “man can adjust to living virtually under any conditions “this very trait has seen us maneuverer the cash and cashless economy crisis with notably the corporate world, the communication industry and e-commerce devising means for work and survival in their respective fields and its is only fair to say, the world is going cashless.
The trick to achieving a fully cashless economy lies with corporations. We are governed by corporations; governments are basically vessels through which religions, banks, insurance companies, the elites and corporations channel their ideas.
The corporate world is so amorphous yet so intertwined that not just one of the disciplines can be singled out and the other left out– right from agriculture, business, and politics to tourism.
Corporations are the decision makers
Aside from businesses and the society in extension adapting to the new normal in the finance sector, there are a chunk of new policies and guidelines that will stem out over time. Common citizens can whine but the corporations have the ball on their court.
Communication in Business and Technology
In every aspect of life, communication is key not just the message itself but the method of delivery as well as the vessel/technology used.
Human beings strive to pass information from time to time either orally, written or tech-driven. Communication and technological development have gone hand-in-hand in the entire history, and the emergence of mobile and internet services have propelled communication to exceptionally high levels (Harankhedkar, 2011).
Drawing from the ancient immobile stones that bore written communication, the art advanced to invention and use of paper, which led to the discovery of printing presses.
The printing press allowed individuals to transfer and duplicate documents uniformly from location to the next. Following the application and development of electronic technology, signals, and electronic waves have found extensive use in creating and transferring documents in the entire globe (Burg, 2013).
The nature of communication has changed significantly over the last few decades with the advent of the Internet and mobile communications. Communications technologies (CTs) are becoming increasingly popular with recent surveys showing that 91% of British households have mobile phones (Dutton & Blank, 2013), 83% of UK adults use the internet (Ofcom, 2014), and 73% do so every day (Office of National Statistics, 2013).
This century however saw more ICT inventions and innovations like zoom; office meetings have now been made simple, easy and reliable, even with schools closed, students can learn remotely from their homes using such technologies which are cheap methods of learning compared to pre-covid era.
The swirling use of communication technologies such as email, online chats, blogs, video calls and zoom meetings are reasons enough for the growth witnessed in the communication industry during the pandemic. The acquisition of these communication gadgets serves the economy unlike when in low demand, the economy serves them.
Covid-19 pandemic has been a blessing in disguise and the mainstream media haven`t been left behind either—they have had more jobs than ever including covid-19 advertisements, TV lectures, online writers and tutors, front desk secretaries and receptionists. As the demand for use of new technologies in communication rises, the demand for this cadre of jobs rises too. Going by this, at least 20% of jobs lost in other sectors are recovered in the communication industry.
With the virus proving to have more positives, we can learn to see the light in this darkness.